Results drive stocks rebound

The earnings season may just give the UAE bourses a new lifeline, otherwise listless for want of clear direction. UAE bourses began to show signs of recovery from January 26 onwards after announcements of yearly results.

DFM and ADX were trading lower 16 per cent and seven per cent respectively when results started hitting the market. DFM and ADX have since recovered by 6.64 per cent and 5.58 per cent respectively, until February 11.

 

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